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L&T Realty, CapitaLand India Trust to set up platform to develop 6mn sq ft office space

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New Delhi, Nov 7 (PTI) L&T Realty and Singapore-listed CapitaLand India Trust Management Pte Ltd have agreed to set up a commercial platform for the development of 6 million square feet of premium office space across Mumbai, Bengaluru and Chennai.

Both the companies have entered into a non-binding term sheet for setting up of this commercial platform. The definitive agreements have not been signed.

L&T Realty is the real estate development arm of L&T, while CapitaLand India Trust Management Pte Ltd is trustee-manager of CapitaLand India Trust (CLINT).

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